Form 4: First Citizens Bancshares Director Reports Significant Stock Gifts to Family Trusts

Carson H. Brice, a Director and 10% Owner of First Citizens Bancshares Inc. (FCNCA), reported multiple gift transactions of Class A and Class B Common stock to various family trusts and indirect holdings.

Summary

• Carson H. Brice, a Director and 10% Owner of First Citizens Bancshares Inc. (FCNCA), filed a Form 4 detailing gift transactions of company stock on May 22, 2025.
• The transactions involved the gifting of 226 shares of Class A Common stock and 60 shares of Class B Common stock from direct holdings to the Carson Holding Brice Revocable Trust.
• Additionally, 200 shares of Class A Common stock were acquired indirectly by the reporting person's spouse.
• 60 shares of Class B Common stock were acquired indirectly through trusts established for the benefit of the reporting person's children (20 shares each for Stephen B. Brice, Elizabeth M. Brice, and Cordelia A. Brice).
• Following these transactions, Carson H. Brice's indirect beneficial ownership includes 236,313 Class A Common shares and 99,575 Class B Common shares held by the Carson Holding Brice Revocable Trust.
• Other indirect holdings include Class A Common shares held as custodian for Stephen Brice (16,890), Cordelia Brice (16,289), and Elizabeth Brice (16,289), as well as shares as beneficiary of a trust (10,652).
• Further indirect holdings of Class A Common include shares in trusts for Stephen B. Brice (99,130), Elizabeth M. Brice (99,729), and Cordelia A. Brice (99,729).
• Indirect Class B Common holdings include shares by spouse (563), as custodian for Stephen Brice (2,347), Elizabeth Brice (2,348), and Cordelia Brice (2,348), and as beneficiary of a trust (1,250).
• The reporting person disclaims beneficial ownership of securities held by a spouse, as custodian, or in trusts where they do not serve as trustee or have investment control.

Sentiment

Score: 5

Explanation: The document reports standard insider gift transactions, which are neutral in sentiment as they do not indicate a positive or negative outlook on the company's performance, but rather a transfer of ownership for estate planning or other personal reasons.

Industry Context

This filing is a routine disclosure of insider stock transactions, specifically gifts, which are common for long-term wealth planning and do not typically reflect operational performance or broader industry trends. It provides transparency into the ownership structure and insider activity within First Citizens Bancshares Inc.

Related Party Transactions

• Gifts of Class A and Class B Common stock were made to the Carson Holding Brice Revocable Trust.
• Indirect acquisitions of Class A Common stock were made by the reporting person's spouse.
• Gifts of Class B Common stock were made to trusts for the benefit of the reporting person's children (Stephen B. Brice, Elizabeth M. Brice, and Cordelia A. Brice).

Stakeholder Impact

• Shareholders: Provides transparency regarding insider ownership changes, specifically transfers of shares as gifts, which typically do not impact the company's operational or financial performance.
• Employees: No direct impact on employees is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Creditors: No direct impact on creditors is indicated by this filing.

Key Dates

Keywords

SEC Form 4, insider transaction, beneficial ownership, stock gifts, First Citizens Bancshares, FCNCA, corporate governance, director holdings, trusts